Rydges Hotels and Resorts
has bought the management rights for the Horizons Resort at Lake Jindabyne in New South Wales for $1.8 million.

Rydges, an arm of ASX listed leisure and hospitality group
Amalgamated Holdings
, also owns the neighbouring ski resort of Thredbo.

Rydges will hold management rights for the lakeside resort indefinitely.

The lakeside resort includes 120 self-contained studios, one and two bedroom apartments, conference facilities, ski hire and other amenities, including an indoor pool and restaurants and a bar.

The deal was struck by Resort Brokers Australia’s Ian Dore after a nationwide campaign.

It is understood the agreement will see the resort and Thredbo become closely linked. Mr Dore said the Thredbo management team had been “very involved" in the decision-making and that Horizons was likely to add to the skifield’s range of budget accommodation options, with daily coaches running to and from the resort.